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Adam Consultancy start up his business on April 1, 2019, Adam Consulting entered into the following transactions during April: Apr. 1. The following assets were

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Adam Consultancy start up his business on April 1, 2019, Adam Consulting entered into the following transactions during April: Apr. 1. The following assets were received from Adam: cash, $30,000; accounts receivable, $24,000; supplies, S13,00; and office equipment, $22.000 1. Paid three months' rent on a lease rental contract, $3,000 2. Paid the premiums on property and casualty insurance policies, $2,400 4. Received cash from clients as an advance payment for services to be provided and recorded it as uncarned fees. $11,400 5. Purchased additional office equipment on account from Smith Office Supply Co., $14,000. 6. Received cash from clients on account, $17,100. 10. Paid cash for a newspaper advertisement, S350 12. Paid Smith Office Supply Co. for part of the debt incurred on April 5, S6,400 12. Provided services on account for the period April 1-12. $21.900. 17. Received cash from cash clients for fees carned during the period April 1-16, S6,600. 18. Paid cash for supplies, $725. 20. Provided services on account for the period April 1320, $16,800 24. Received cash from cash clients for fees camed for the period April 17-24, S4.450. 26. Received cash from clients on account, $26.500. 27. Paid receptionist for two weeks' salary, S1,650 30. Received cash from cash clients for fees cared for the period April 25-30, S5,160. 30. Provided services on account for the remainder of April, $2,590 30. Jeff withdrew $18,000 for personal use Requirements: 1. Journalize each transaction 2. Post the journal to a ledger of four-column accounts 3. Prepare an unadjusted trial balance 4. At the end of the month Adam consultancy need to make the following adjustment to his account. Journalize the following adjustment. 1. Insurance expired during April is $350. ii. Supplies on hand on April 30 are $1,225. iii. Depreciation of office equipment for April is $400. iv. Accrued receptionist salary on April 30 is $275. V. Rent expired during April is $2,000. vi. Uneamed fees on April 30 are $2,350. 5. Post the adjustment to the four-column ledger 6. Prepare Adjusted Trail balance imalize the closing entre for Adam consultancy and post it to ledger 8. Prepare post-closing Trail balance 7

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